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CITIC Construction Investment's research report points out that the official release of GPT-5 provides better soil for the growth of AI applications with improvements in long text memory, reduced hallucination rates, and optimized reasoning efficiency. Future updates from Google and Anthropic, as well as follow-ups from domestic models and continuous implementation of AI application tokenization under foundational model optimization, can be expected. Huawei's comprehensive open-source CANN ecosystem significantly improves development efficiency for different levels of developers, aiming to compete with CUDA acceleration. 1) Software companies with data, customers, and scenarios are likely to benefit from AI products, leading to an increase in company ARPU and project unit prices; 2) The increasing demand for model privatization is favorable for integrated machines, hyper-convergence, and B-end service outsourcing companies; 3) The sustained high trading volume in the market is expected to benefit internet finance targets